Moran Wealth Management LLC Has $7.95 Million Position in Celsius Holdings Inc. $CELH

Moran Wealth Management LLC increased its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 108.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 171,268 shares of the company’s stock after purchasing an additional 88,941 shares during the quarter. Moran Wealth Management LLC’s holdings in Celsius were worth $7,945,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CELH. Westside Investment Management Inc. acquired a new position in Celsius in the 1st quarter valued at $32,000. Summit Securities Group LLC acquired a new position in Celsius in the 1st quarter valued at $34,000. Fifth Third Bancorp raised its holdings in Celsius by 62.9% in the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock valued at $61,000 after acquiring an additional 666 shares in the last quarter. Peterson Wealth Services acquired a new position in Celsius in the 1st quarter valued at $66,000. Finally, Golden State Wealth Management LLC raised its holdings in Celsius by 124.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,993 shares of the company’s stock valued at $71,000 after acquiring an additional 1,106 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Celsius news, insider Paul H. Storey sold 7,500 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total value of $456,975.00. Following the completion of the transaction, the insider owned 37,550 shares of the company’s stock, valued at $2,287,921.50. This represents a 16.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John Fieldly sold 143,167 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $51.18, for a total value of $7,327,287.06. Following the completion of the sale, the chief executive officer owned 895,410 shares in the company, valued at $45,827,083.80. This trade represents a 13.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 560,667 shares of company stock worth $27,240,162. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CELH shares. Needham & Company LLC lifted their price objective on Celsius from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, September 5th. Jefferies Financial Group set a $72.00 price target on Celsius and gave the stock a “buy” rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. boosted their price target on Celsius from $44.00 to $54.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Cowen reissued a “buy” rating on shares of Celsius in a report on Tuesday, September 2nd. Finally, B. Riley boosted their price target on Celsius from $56.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Nineteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Celsius presently has an average rating of “Moderate Buy” and a consensus target price of $63.15.

Celsius Price Performance

Shares of CELH opened at $61.86 on Wednesday. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $64.81. The business has a 50-day simple moving average of $57.59 and a two-hundred day simple moving average of $46.35. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68. The stock has a market cap of $15.96 billion, a PE ratio of 167.19, a PEG ratio of 1.23 and a beta of 1.38.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The business had revenue of $739.30 million during the quarter, compared to analysts’ expectations of $632.13 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The business’s revenue for the quarter was up 83.9% compared to the same quarter last year. Analysts anticipate that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

About Celsius

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.